Can I use a 1031 Exchange to buy another house, then "put it in service as a rental" for a short period of time of 6 to 12 months. After renting it for 6-12 months, then evict the tenants and move in as my new princip...

Unsure about Ca capital gains tax. My scenario:Bought a duplex 13 yrs ago for $237,500 but haven't lived in it for the last 6 yrs. want to list for $350,000. Will I be paying capital gain tax federally and through Ca?...

I have 2 properties, each property has about $10,000 in real estate tax per year (Lovely NJ). Is there any loopholes to deduct the full amount of property tax that I pay? Both properties are under my name. (With conve...

We are putting in a lower offer on a house we've had our eye on and if we get it we'll need to redo the kitchen. Which has been gutted (no cabinets, counters, sinks, appliances, etc.,) So my question is, there is a pl...

Looking for a RE meet-up in Central Ohio!Looking to offer my help, to network and to gain knowledgeNot looking for a Guru sales pitch! I've signed up for a CORRE meet-up, does anyone have any reviews on this particula...

I have a house that I've been renting for the past few years and I plan to sell it to buy something closer to where I live now. I used to live in it so when I started renting it, I did a quit claim deed from my name t...

My mom's sister wants to do a 1031 exchange.  Vacant commercial zoned lot (unimproved) to a SFR as a rental property.  Can she gift it after the exchange to the SFR to say me or my brother?  What tax implications woul...

Hi BPers,Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a differen...

Someone reached out to me about selling a primary residence they've owned for 14 years, and rented out for the last 18 months.
I know just enough tax stuff to be dangerous.
The gain on the 14 years is tax free up to...

Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...